realcaseyrollins@thelemmy.clubBanned from community to Business@lemmy.worldEnglish · 9 months ago

Fidelity has cut its estimate of X's value by 79% since Musk's purchase | TechCrunch

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Fidelity has cut its estimate of X's value by 79% since Musk's purchase | TechCrunch

realcaseyrollins@thelemmy.clubBanned from community to Business@lemmy.worldEnglish · 9 months ago

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Elon Musk's X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset Elon Musk's X is now valued at less than a quarter of its $44 billion purchase price, according to Fidelity.

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reddig33@lemmy.world
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9 months ago
Only 79%? That seems optimistic.
- Bahnd Rollard@lemmy.world
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  9 months ago
  You can always sell the hardware if the IP/brand truely crashes and burns. Unlike other orgs like WeWork, the artist formerly known as twitter owns assets.

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